Annual Shareholder Meeting

Timothy Hodgson

Timothy Hodgson is a corporate director. He currently serves as Chair of Hydro One Limited and Chair of the Canadian Investment Regulatory Organization. Mr. Hodgson also serves on the board of Ontario Teachers’ Pension Plan, the Property and Casualty Insurance Compensation Corporation and Qohash Inc. Previously, Mr. Hodgson was a Managing Partner of Alignvest Management Corporation from 2012 until his retirement in August 2019 and was the Special Advisor to the Governor of the Bank of Canada. From 1990 to 2010, Mr. Hodgson held various positions in New York, London, Silicon Valley, and Toronto with Goldman Sachs and served as Chief Executive Officer of Goldman Sachs Canada from 2005 to 2010.

His prior board directorships include Dialogue Health Technologies, PSP Investments, Sagicor Financial Corporation, Sagicor Group Jamaica, MEG Energy, Alignvest Acquisition Corporation, Alignvest Acquisition II Corporation, The Global Risk Institute, KGS-Alpha Capital Markets, Next Canada, the Ivey School of Business and Bridgepoint Health.

Mr. Hodgson holds a Masters of Business Administration from The Ivey School of Business at Western University and a Bachelor of Commerce from the University of Manitoba. He is a Fellow of the Institute of Chartered Professional Accountants (FCPA) and holds his ICD.D.

David Lebeter

David Lebeter serves as the President and CEO of Hydro One, Ontario's largest electricity transmission and distribution provider. With almost 20 years of leadership in prominent Canadian utilities, Mr. Lebeter is passionate about delivering innovative solutions for an electrified future. His priorities are to keep employees and the public safe, increase grid resilience, support sustainable economic growth, and exceed customers’ and shareholder’s expectations.

Mr. Lebeter's career is distinguished by his success in building strong teams and forging impactful community partnerships. Under his leadership, Hydro One’s industry-leading 50/50 Equity Partnership model with First Nations has become a business imperative, demonstrating a steadfast commitment to shared prosperity and providing vital grid capacity to support the essentials of daily living and economic development.

Prior to his appointment as President and CEO in 2023, Mr. Lebeter served as the company’s Chief Operating Officer where he successfully managed Hydro One’s capital investments, grid reliability and system operations, laying the groundwork for the construction of hundreds of kilometers of required new transmission lines over the next two decades. His tenure as COO was also marked by improved safety standards, a cause he embraced early in his 23 years of Operations in Forestry following the loss of colleagues in workplace accidents.

Before joining Hydro One, Mr. Lebeter held progressively senior positions in operations and safety at BC Hydro from 2005 to 2019, contributing to advancements in safety, grid reliability, employee engagement, and customer service.

He holds a Bachelor’s degree in Forestry from the University of British Columbia and is a registered professional forester. Additionally, Mr. Lebeter earned an Executive Master of Business Administration from Simon Fraser University and holds the designation of ICD.D from the Institute of Corporate Directors.

In his personal time, Mr. Lebeter is passionate in his support for the Canadian National Institute for the Blind. Mr. Lebeter also enjoys working on projects around the house and spending time with his wife Susan, their dog Cooper and their two young grandchildren.

Cassidy McFarlane

Cassidy McFarlane is the General Counsel at Hydro One, responsible for the law, corporate ethics and corporate secretary functions. Ms. McFarlane is an experienced and dedicated leader with a deep knowledge of the sector and Hydro One.

Having joined the company in 2001, Ms. McFarlane has over 20 years of experience at the company, and most recently held the role of Strategic Advisor to the President and CEO where she worked as a member of the executive leadership team to advance the strategy. Previously, she held the role of Assistant General Counsel responsible for securities law, pension law, and supporting the corporate finance team. In this role she was involved in many transformational changes in the company’s history, including the initial public offering of Hydro One in 2015.

Ms. McFarlane is a Board member of the Ontario Energy Network. She holds a BA in Political Science from McGill University and an LLB from Osgoode Hall Law School.